| Tue 11 Feb 2003, 17:45 | | TRENCOR SOLUTIONS LAUNCHED AS TRENSTAR SOUTH AFRIC |
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TRENCOR LIMITED
(Reg No 1955/002869/06)
Share Code: TED2
ISIN: ZAE000007282
TRENCOR SOLUTIONS LAUNCHED AS TRENSTAR SOUTH AFRICA
11 February 2003
Trencor Limited`s 61% subsidiary, TrenStar Inc, a global leader in mobile
asset management solutions, announced today at Automotive Excellence 2003 that
the South African operations conducted through its associate, Trencor Solutions,
have taken on a new moniker: TrenStar South Africa. The new name for the
Johannesburg-based company reflects the international presence and broader scope
of operations of TrenStar combined with the technology and expertise of the
newly named South African company in the automotive industry.
TrenStar is headquartered in Denver, Colorado, and helps companies in asset-
intensive industries improve the performance of their supply chains while
reducing capital and operating expenses. TrenStar does this by combining
physical asset management, logistics services and supply chain technology with a
range of asset financing alternatives. TrenStar South Africa, or TrenStar SA
for short, has world-class container management software and a strong presence
in the South African automotive industry, with customers that include Ford,
Volkswagen, DaimlerChrysler, Toyota, Delta (of GM) and Nissan.
"It was important to us to announce the name change at this conference, since
we have many years of experience in the automotive industry, and many of our
customers are here today," said Len Whittal, Managing Director of TrenStar South
Africa. "We`re the same company, but with a new name that is more indicative of
our international capability."
"The name TrenStar South Africa reflects the global reach of TrenStar, a
company whose team of experts has built complex, top-notch supply chains,
managed millions of high-value, physical assets and developed the technology
that makes both of these things easier for a company," said Greg Cronin, CEO of
TrenStar. "The South African team expands our technology capability in
container management, while providing deep expertise in the automotive and
mining industries."
About TrenStar
TrenStar is the leading global provider of mobile asset management solutions.
Mobile assets include the containers used to move raw materials, work-in-
progress and finished goods through the supply chain. The drive for the
improved flow of assets and information requires leading technologies combined
with logistics expertise. TrenStar`s three-part solution combines asset
management, logistics services and supply chain technology to reduce required
capital and operating expenses while dramatically improving supply chain
performance. TrenStar offers its Mobile Asset Management solution with a
revolutionary "pay-per-use" business model, which allows customers to deploy
best-of-breed technology and supply chain solutions while avoiding significant
upfront implementation costs.
TrenStar focuses on the brewing, food/beverage, chemical and automotive
industries among others. Our products and services are being used by Scottish
Courage Breweries, Carlsberg-Tetley Brewing Company Limited, Givaudan, Sanyo,
Toys R Us, The Body Shop, Burberry, and Prada Stores. Our affiliate serves
Exxon Mobil, Ford, Toyota, DaimlerChrysler, 3M and Dow Chemical. Headquartered
in Denver, Colorado, TrenStar has international offices in the United Kingdom,
Australia and South Africa.
www.trencor.net
www.mobile-industries.net
Date: 11/02/2003 05:28:02 PM Produced by the JSE SENS Department
